On December 1, the veteran Christian trio, Selah, launched the cryptocurrency fan token via the Rally platform.
After the group’s final album, which debuted at number one on the iTunes Christian Music chart, 3CR8 code will give fans access to exclusive benefits such as private messages, video chats, and signed items.
Selah, which means “pause” in Hebrew, is a giant of the Christian music genre, who has presented 4 million albums and 10 Dove Awards to the Gospel Music Association over more than two decades of musical creativity.
Step Into My Story is the trilogy’s sixteenth album, released to their label, 3Cre8tive, after which they were named tokens.
At launch, fans will be able to use $ 3CR8 codes for a 10-minute live video call with a band member, $ 150 for a personal greeting, or $ 20 for a signed CD album.
While the 3CR8 token is intended to attract fans, Salé realizes that the cryptocurrency is more than just a marketing tool, as vocalist Todd Smith explains:
I grew up in Congo, Africa, where my family founded the Laban Bible Institute and opened a medical pharmacy, gynecology program, and a huge radio station. I have witnessed the stifling destruction of economic inequality, the potential and impact of cryptocurrency parity. The ability to remove tough economic barriers around the world is exciting. ”
Rally is an open platform that allows developers to launch their own hosted cryptocurrency on the Ethereum side chain. The price and delivery of each “coin of the originator” is determined by the token pegging curve, which means that the more coins, the more expensive those coins will be.
There is no cost to the creator to create a social token, and the use of a proprietary side chain for the platform allows the execution of features such as the Fiat command on slopes.
Rally co-founder Mahesh Vilanki told Cointelegraph that the vast majority of creators and fans don’t use cryptocurrency at all, so this solution simplifies the onboarding process to help more crypto users:
“There will be a small minority of cryptocurrency users who will print their ERC-20 token directly onto Ethereum, so it is not as reliable as possible and they can experience complete control, but this is not Rally’s target market.”
Fans can purchase the creator’s currency with a credit, debit or cryptocurrency. Tokens can be exchanged for goods and experiences created by the creators, or for fixed coins for US dollar (USDC) coins.
Salah claims to be the first Christian musician to release his cryptocurrency.
However, while the opportunity to introduce an entire crowd of audiophiles to cryptocurrencies is always welcome, Selah has a way she wants to bypass Akon.
A Senegalese American musician and rapper who believes in the success of his Islamic faith has launched his cryptocurrency. While Acoin is more than just merchandise and personal messages, it will be used to power the future city of Acon, which was built in Senegal.